10 Best states for starting a business

Attention libertarians! Find out where the cold, dead hand of the state weighs lightest. Rankings provided by the Small Business & Entrepreneurship Council.

Top personal income tax rate: 3.25%
Top corporate income tax rate: 4.225%
Property tax: 1.33%
Electric Utilities Costs †: 0.83
Minimum wage: $5.85
† Index of state's average revenue/kilowatt hour.
10. Alabama
Alabama's property taxes are among the lowest in the country, and taxes overall don't make too big a dent in entrepreneurs' wallets. "Alabama has developed a highly rated workforce-training program that helps leverage its competitive cost position," says Karen Kerrigan of the SBE Council. "The only downside is the liability climate. Alabama needs reforms that make it difficult to file frivolous law suits."

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South Dakota Nevada Wyoming Washington Florida Michigan Texas South Carolina Virginia Alabama
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